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HomeMy WebLinkAboutContract 27016 City of Fort Worth, Texas "01yor and Council communicalflon DATE REFERENCE NUMBER LOG NAME PAGE 8/9/01 **C-18698 25CHANGE 1 of 2 SUBJECT AUTHORIZATION TO EXECUTE AN AMENDMENT TO THE CONTRACT WITH C. H. JOHNSON CONSULTING, INC. (CITY SECRETARY CONTRACT NO. 26301) FOR CONSULTING SERVICES FOR A CONVENTION CENTER HEADQUARTERS HOTEL RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute an amendment to the consulting services agreement with C. H. Johnson Consulting, Inc. for assistance in the evaluation and selection of the development teams, and to negotiate development and operating agreements with the top-ranked development team for a proposed Convention Center Headquarters Hotel in downtown Fort Worth. DISCUSSION: On October 17, 2000 (M&C C-18310), the City Council authorized a consultant agreement with C H. Johnson Consulting, Inc. to provide a market and financial analysis (Phase 1) for a headquarters hotel. On January 30, 2001, the findings of the analysis were presented at a City Council Work Session, The City Council moved to proceed with the development of a Convention Center Headquarters Hotel. On February 6, 2001 (M&C C-18450), the City Council authorized proceeding with Phase II of the consultant agreement with C. H. Johnson Consulting, Inc. to implement the qualifications/proposals for hotel developers for a proposed Convention Center Headquarters Hotel in downtown Fort Worth. On April 25, 2001, the Request for Qualifications (RFQ) was issued, and responses were received on May 29, 2001. On June 12, 2001, C. H. Johnson Consulting, Inc. evaluated the responses to the RFQ and presented the report to the Economic Development Committee. On June 13, 2001, the Requests for Proposals were issued to four development teams. On July 18, 2001, responses were received. During the process of requesting qualifications and proposals, it was necessary to expand the scope of services to include: • Assist with development of demand projections for the convention center and updated original Coopers and Lybrand projections; and • Assist in the analysis of the proposed T&P hotel development component including development of a separate Request for Information (RFI) process; and • Evaluate a north site option for the hotel location; and • Additional support and analysis of the process. City of Fort Worth, Texas 4velffor land Come",[ communienflon DATE REFERENCE NUMBER LOG NAME PAGE 8/9/01 **C-18698 25CHANGE 2 of 2 SUBJECT AUTHORIZATION TO EXECUTE AN AMENDMENT TO THE CONTRACT WITH C. H. JOHNSON CONSULTING, INC. (CITY SECRETARY CONTRACT NO. 26301) FOR CONSULTING SERVICES FOR A CONVENTION CENTER HEADQUARTERS HOTEL To move forward with the process, the consulting services of C. H. Johnson Consulting, Inc. will be required for the following duties: a) Evaluate and assist in ranking developer proposals; and b) Assist with potential franchise selection process; and c) Develop finance plan, projection of various tax and revenue streams; and d) Continue to support the evaluation of and negotiations with the T&P; and e) Development of various policy documents, room block agreements, management contracts, developer agreements; and f) Final update of convention center demand projections for bond issue; and g) Other services that may be requested. The fees for the consulting services for this amendment will be on a time and material basis and is estimated not to exceed $150,000 in fees and expenses. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that no funds were budgeted for this purpose, however, the department has realized savings in other accounts that will offset this expenditure. DF:n Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) Dale Fisseler(Acting) 6140 APPROVED Originating Department Head: CITY COUNCIL Kirk Slaughter 2501 (from) AUG 9 2001 GG01 539120 0252000 $150,000.00 � y Additional Information Contact: City secretary of the Kirk Slaughter 2501 City of Fart WorUt Tezae